SOUTH PORTLAND, Maine--(BUSINESS WIRE)--May 27, 2014--
WEX
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced it has signed a multi-year extension to provide private
label and universal fleet card services for Phillips 66.
Through the agreement, WEX will continue to issue fleet cards and
provide related payment services to Phillips 66-branded customers.
Together, WEX and Phillips 66 will expand upon a comprehensive sales and
marketing program for direct sales while also supporting the efforts of
independent marketers and dealers at more than 7,100 Phillips 66,
Conoco, and 76-branded retail outlets.
“We’re excited to expand our relationship with the Phillips 66 brands
and to leverage its strong market presence in the Midwest, Rocky
Mountain, and West Coast regions of the United States,” said Bill
Cooper, General Manager of Fleet OTR and Partner Channels at WEX. “This
agreement underscores our commitment to providing customized payment
solutions that help Phillips 66 grow and retain its customer base,
increase sales and penetrate new market segments.”
“Phillips 66 is proud to extend our agreement with WEX Inc, and look
forward to building on the strong growth we have achieved over the past
four years,” said John Barbour, Director of Credit Card Marketing and
Loyalty Programs at Phillips 66. “Collaborating with WEX has allowed us
to deepen our relationships with our branded customers and drive new
volume to their sites.”
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment
solutions. From its roots in fleet card payments beginning in 1983, WEX
has expanded the scope of its business into a multi-channel provider of
corporate payment solutions representing more than 7.8 million
cardholders and offering exceptional payment security and control across
a wide spectrum of business sectors. The Company’s operations include
WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, WEX Australia, WEX
New Zealand and WEX Europe, as well as a majority equity position in
UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,400
associates. For more information about WEX, please visit www.wexinc.com.
About Phillips 66 Company
Built on more than 130 years of experience, Phillips 66 is a growing
energy manufacturing and logistics company with high-performing
Midstream, Chemicals, Refining, and Marketing and Specialties
businesses. This integrated portfolio enables Phillips 66 to capture
opportunities in the changing energy landscape. Headquartered in
Houston, the company has 13,500 employees who are committed to operating
excellence and safety. Phillips 66 had $51 billion of assets as of March
31, 2014. For more information, visit http://www.phillips66.com
or follow us on Twitter @Phillips66Co.
Source: WEX Inc.
News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
Investor
contact:
WEX Inc.
Michael E. Thomas, 207-523-6743
Michael.Thomas@wexinc.com